Send a Comment

SPX Earnings Scorecard to Date

01/25/2013

The second week of the earnings season is set to close out. Below is the reported EPS and revenue growth by sector as well as the percentage of positive or negative surprise. Financial institutions continue to stand out, posting strong earnings on their return to normalized earnings. Additionally, consumer discretionary appears to be withstanding the feared Q4 retrenchment on fiscal cliff concerns. Lastly, although only six out of 43 energy companies have reported, I find the early read on the sector to be intriguing and possibly warranting a sector return to overweight. Stand by for further evidence.

Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.